Hassle - Free Tax Preparation for Individual and Business

ABOUT SERVICE

Tax is a crucial aspect of doing business in today’s globalised world. Tax filing season is one of the major concerns for most of the CPA firms and accounting firms. Be it the deadline approaching fast, staffing & infrastructure issues, our knowledge base in the USA tax keeps our clients on the forefront of their business. As per our experience with CPAs, filing for tax returns during the pinnacle of the season by individuals or businesses can be a daunting task. ASC with its tax team ensures a smooth tax filing procedure for individuals as well as businesses.

Read more

Outsource Tax Preparation Services

growth
Increase tax return

Increase tax return preparation turnaround time by more than 50% while ensuring continuous consultancy and advisory for meeting the Tax compliances.

target-audience
Focus on strategic services

Allow Accounting & CPA firms to focus on high value-added services such as Tax Planning and Advisory services, which are more lucrative.

inflation
Boast Recovery Rate

Increase recovery rate (i.e. Revenue/Employment cost of full-time employees) by avoiding hiring tax professional during busy tax season who remains more or less ideal during off-season.

budget
Standardize Service

Experienced outsourcing partners like ASC not only prepare returns but also standardize and streamline workflow e.g. organizing work papers and supporting documents in digital folders.

efficiency
Enhanced Efficiency

In a nutshell, Accounting & CPA firms can offer better client service and increase efficiency with lower staff cost which ultimately increase the firm’s profitability.

Our Tax Preparation Process

RECEIPT OF DOCUMENTS

We receive tax organizer/source documents/financial statements and identify the missing information.

VERIFICATION FOR 3C’S

Analyse documents for 3C’s i.e. Correctness, Consistency and Completeness

TAX PREPARATION

Sending estimates & Using the client’s Tax software, we enter data into the software in accordance with Tax laws

REVIEW & SUBMIT

Balance sheet & Accuracy and validity of return is reviewed and submit the PDFs to the client for approval

CONFIRMATION AND FILLING

After receiving confirmation from client, submission of the return to revenue authority

Read More

What we need for Tax Return Preparation?

Particulars Individual Partnership Corporation Non Profit Estate & Gift Tax
Copy of Last year Return filed with IRS
Form W – 2
Form 1099
If there is business income also, we need Summary of Accounts:          
1. Copy of Accounting File if Books of Accounts have been kept by Business.
2. In case no Accounts maintained then accounts information Filled on Template to be provided by FinTax)
Other information which you think relevant for Tax Preparation and not recorded in Accounting Books (e.g. Changes in shareholding, working place, nature of work, correspondence with IRS or change in last IRS return made etc.)

Professional Tax Software Used by ASC

Tax Preparation Outsourcing FAQs

Whenever we think of delegating our responsibility to someone, many questions come to our mind. Based on our experience with some CPA firms, we have identified some commonly asked questions: